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I Love the Way That Lilu Thinks, I Love the Way That He Invests
No run an e t f are a phenomenally tax efficient structure relative to just about anything else. Managed accounts, hedge funds, limited partnerships, our mutual funds its by far and away the best structure. I would definitely recommend j l Collins' book for anybody who has read that here where he lays out the case for index funds. That's more important than actually the fund managers themselves. And if you the miracle of comboning only works if you are in the game for the long run.